July 25, 2016 archive

WTI, Brent Crude Post Lower Settlements on Monday

Oil futures fell to their lowest level in three months on Monday as investors worried that crude oil supplies will continue to outpace demand, according to Bloomberg MarketWatch. “Supply continues to return from disruptions, refined products are severely oversupplied, crude demand is falling well short of product demand and key product demand is decelerating,” analysts …

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Completion Reports July 26, 2016

GARVIN COUNTY Prime Operating Company 15 1N 3W R. J. Mauldin “b” 15, June 22, 2016 SH, INJ, TD: 1655 ft Lat: 34.55591, Long: -97.50394 API: 35049233760001 OKMULGEE COUNTY Aog Operating Llc Dutcher(1796): Oil 8 Gas 20000 Water 100 Pump 30 16N 13E Fields 2a, February 18, 2016 SH, OIL, TD: 2260 ft Lat: 35.82966, …

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Permits to Drill July 26, 2016

Alfalfa County CHEROKEE 2611 #1-2H/11H, July 25 2016 35 27N 11W SESWSESW API: 00323259 Lat: 36.768765754891085, Long: -98.35397040146164 SANDRIDGE EXPLORATION & PRODUCTION LLC HH, DR, 15940 ft, MISSISSIPPIAN(5345) Alfalfa County CHEROKEE 2611 #2-2H/11H, July 25 2016 35 27N 11W SESWSESW API: 00323260 Lat: 36.7687657512665, Long: -98.3539021221299 SANDRIDGE EXPLORATION & PRODUCTION LLC HH, DR, 15595 ft, …

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Nearly $6 million Bid on School Land Oil/Gas Leases

A recent Oklahoma Land Commission sale of oil and gas leases netted nearly $5.8 million on 98 different parcels of land in 14 different counties ranging from Texas County in the Panhandle to Pittsburg in the southeast. The honors for the largest amount of money paid for one lease went to Houston, Texas-based Newfield Exploration, a …

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Clayton Williams Energy Unloads $150 million in Shares

  Midland, Texas based Clayton Williams Energy, Inc. has announced he sale of $150 million in shares to funds managed by Ares Management, L.P. The sale involves 5,051,100 shares of common stock in the firm whose operations stretch into Oklahoma. Proceeds will be used to provide more liquidity for potential debt reduction transactions related to …

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Small Percentage of Explorer Pipeline Acquired by Phillips 66

Phillips 66 Partners LP has announced it’s acquired another 2.5 percent equity interest in Tulsa-based Explorer Pipeline company. The purchase results in Phillips owning 22 percent of Explorer which is owned by subsidiaries of American Capital Strategies Ltd, Phillips66, Marathon, Sunoco Logistics and Shell. Neither side disclosed any terms of the purchase. Explorer operates a …

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Inhofe says EPA Fails to Include Flyover Country on Advisory Committee

Oklahoma U.S. Sen. Jim Inhofe is asking Environmental Protection Agency Director Gina McCarthy to correct her lack of geographic diversity on the list of candidates she nominated to serve on one of the agency’s advisory committees. In a recent letter, he pointed out how she has had a problem in making appointments in the past …

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EPA Sued for Not Enforcing Ozone Mandates

In a lawsuit filed in California by a coalition of environmental and public-health groups, it is alleged the Environmental Protection Agency failed to enforce 16 states and the district of Columbia to finalize plans to reduce ozone pollution. Oklahoma is not one of them. “Millions of people are relying on the EPA to protect them …

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Oil Slowdown Hits North Dakota Highway Traffic Figures

Any state that relies heavily on oil and gas gross production taxes for state revenue has felt the impact of the drop in oil prices over the past two years. Oklahoma has. So has Texas. And North Dakota finds fuel tax collections for the State’s Transportation Department are taking a hit with fewer vehicles on …

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Colorado Police Deny Targeting Environmental Protesters by Using Undercover Officers

Turns out undercover police officers were in the crowd of oil and gas protesters who demonstrated peacefully last May in the Denver suburb of Lakewood. Police at Lakewood deny they were there to target the protesters but simply to provide information to commanders. The Associated Press says the department claims the undercover operators were not …

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